CTP 6.00% 5.3¢ central petroleum limited

notice recieved, page-30

  1. 2,686 Posts.
    lightbulb Created with Sketch. 101
    From a price pioint of view if oil doesnt flow you can expect downside risk to the 7c region, if oil flows then it will raise back to 12c IMO of course

    Standing back and logically thinking if there was no announcement before open yesterday then no additional oil was encountered and hence a quiet period between then and logging which would see alot of traders depart and teh SP move back to 9c. I sold at 11c when at open yesterday and will wait to see Monday if oil flows to the surface. If it flows i can buy back at roughly the price i sold for if it doesnt well im not open to teh downside risk and remeber with 120M traded on the initail day of announcement if it doesnt flow tehre will be a big dump

    So please dont say im downramping im mearly highlighting the potential ST upside and downside risk
 
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Last
5.3¢
Change
0.003(6.00%)
Mkt cap ! $39.22M
Open High Low Value Volume
5.5¢ 5.5¢ 5.3¢ $8.576K 158.3K

Buyers (Bids)

No. Vol. Price($)
1 10000 5.2¢
 

Sellers (Offers)

Price($) Vol. No.
5.3¢ 64939 1
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Last trade - 16.10pm 16/08/2024 (20 minute delay) ?
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